Annual Report: 2022 -
2023
The Trustees present their report and accounts for the year ended 31 March 2023. The accounts have been prepared in accordance with the accounting policies set out in note/1 to the accounts and comply with the Restoration Trust’s constitution, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", (as amended for accounting periods commencing from 1st January 2019).
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OBJECTIVES AND ACTIVITIES
The objects of the CIO are:
The promotion of social inclusion for public benefit among marginalised people, particularly those who suffer or are at risk of mental ill health, by therapeutic engagement with the arts, culture and heritage, through:
Projects that encourage people to flourish through therapeutic cultural engagement; Research into the wellbeing and other benefits of therapeutic cultural engagement in order to show what works;
Disseminating information about the wellbeing and other benefits of therapeutic cultural engagement;
Improving equal opportunities for therapeutic cultural engagement.
Such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the Trustees may from time to time determine.
SUMMARY OF OUR MAIN ACTIVITIES
The Restoration Trust is a charity that works in partnership with heritage, arts and health and social care organisations to offer culture therapy to people who live with mental health challenges.
Culture Therapy uses heritage and creativity to improve people’s mental health without relying on mental health services. Our projects explore heritage through walks, excavations, discussions, behind-the-scenes tours, individual research, music, drama, storytelling and art.
Connection roots us in a community that’s bigger than ourselves. Belonging, friendship, asylum… all words which describe a place of safety for those who seek or need it. Dr Hills (Norfolk County Asylum Medical Superintendent, 1861-87) cared about people and saw them as individuals. Real people, with real symptoms and real stories. His casebook, now in the Norfolk Record Office, informs the way we work.
The challenge for mental health today is that, while knowledge has expanded, bed accessibility and treatment options haven’t. We’re committed to changing that, and delivering pro-active support where people live because weaving partnerships and groups into new communities has a long-term impact on people and places.
Engaging with creativity and heritage involves our whole selves: mind, body and spirit. What if all heritage assets could be used like this? To help people feel less like patients, and more like valued members of society? To help people get wrapped up in a new story, and to illuminate the joy of shared heritage to those who feel alone. Culture therapy makes that possible.
Our projects are high quality experiences that are safe for people with complex mental health issues. But that doesn’t mean they are exceptionally expensive. It costs around £30 per hour for one person to attend a Restoration Trust session. This compares to one 9-minute visit to a GP at £37, one NHS psychological therapy session at £95 per hour and one day on a mental health
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ward at £410.
Statement confirming that the Trustees have had regard to Charity Commission guidance on public benefit
The Trustees are satisfied that we meet Test B of the Charities Exception under the Equality Act, and the Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities they should undertake. Our governing document restricts benefits to people with a shared protected characteristic, being mental ill health, which is a disability. The restriction can be justified as being a fair, balanced and reasonably necessary way of carrying out a legitimate aim, which is to improve people's mental health by therapeutic cultural engagement.
Evidence on cultural engagement for people with mental ill health suggests that:
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well managed cultural engagement improves people's mental health;
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people with mental ill health are disproportionately excluded from heritage, arts and culture;
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research into the wellbeing and health benefits of projects engaging people with mental ill health in heritage, arts and culture is needed for the development of cultural and health policy and practice;
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discrimination against people with mental ill health is reduced by news and information about creative projects which support prevention, treatment and recovery.
Contributions by volunteers
Volunteers play an essential part in achieving our purposes, by helping to organise and deliver projects. They are people who have participated in our projects, or who want to gain culture therapy experience. In 2022/23 we worked with 14 volunteers, who supported projects and our core activities, including through membership of our Expert Advisory Board.
ACHIEVEMENTS AND PERFORMANCE
PROJECTS AND PARTNERSHIPS
In 2022/23 we were the lead or delivery partner in projects that:
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supported 146 people who live with mental health challenges on low income, including for the first time prisoners and people aged 16 – 25;
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delivered 78 culture therapy sessions, in person, online and hybrid;
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provided experience for 26 volunteers, including peer volunteers and students;
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Involved collaboration with 32 cultural, mental health and research partners.
We gained funding for and ran the following projects in 2022/23:
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Stay in Touch; fortnightly online meetings
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Enterprise Development Programme; consultancy on a feasibility study and plan to earn income.
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Heritage Linkworker, Great Yarmouth and Waveney; a pilot project funded by Historic England (to 2024)
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Scaling Up Change Minds; 6 iterations, wellbeing research and an information hub (to
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2025)
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Cultural Recovery Fund 20; forward planning
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Kickstart Grant; employing Culture Linkworkers
Project highlights in the year include:
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Change Minds courses at HMP Norwich, Museum of the Mind, Lancashire Archives, Stories of Lynn
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Human Henge iteration at Stonehenge
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Archaeology for Wellbeing excavation at Arminghall Henge
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Heritage Linkwork visit to Kirkham Heritage Social Prescribing project
We were delivery partners in the following projects:
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Archaeology for Wellbeing (Later Prehistoric Norfolk Project), for the Centre for Archaeology and Heritage at the Sainsbury Institute, University of East Anglia
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Scaling Up Human Henge, for Bournemouth University
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Putting on a Progress for Curious Spark.
We completed Like Minds Norfolk, Conservation for Wellbeing, Culture Quest and Burgh Castle Almanac Experience.
NETWORKS AND COMMUNICATIONS
We are active members of the Heritage and Wellbeing Community of Practice group, the Norfolk and Waveney Arts and Health Collaborative, the Heritage Alliance and the Association of Mental Health Providers.
Communications were improved with a new website and brand identity developed with BRIX and launched in March 2023.
We published Archaeology for Wellbeing at Arminghall Henge, written and designed by Robert Fairclough. Conservation Object Relations Theory by Daisy Rubinstein, about the evaluation of Conservation for Wellbeing, was published as a chapter in Art Psychotherapy and Innovation (Jessica Kingsley 2023). We gave presentations to Icon (The Institute of Conservation), the National Academy of Social Prescribing, the British Association of Art Therapists and at Exeter University and the British Library. We spoke about Change Minds at the Culture and Mental Health International in Ghent, November 2022 and led a seminar organized by the National Heritage Lottery Fund and the Baring Foundation related to our Creatively Minded and Heritage report. In March 2023 we spoke and participated in a Scaling Up Human Henge event, the Wellbeing through Archaeology and Heritage Symposium at Bournemouth University.
PEOPLE
Staff
The Director Laura Drysdale manages the organisation, being paid through restricted grant and project funds. We employ a Heritage Linkworker but otherwise our Coordinators are selfemployed contractors. The Scaling Up Change Minds Project Officer is employed on our behalf by Norfolk County Council (Norfolk Record Office) We have a self-employed bookkeeper, PA and HR consultant.
Our last Kickstart employee left in September 2022, and our Heritage Linkworker Emily Cannell left in January 2023 to be replaced by Sophie Couling in March 2023. Our CHASE-funded UEA PhD placement Ellen Hardy completed her work on our publications in March 2023.
People-led growth
Our Board and project boards include people with lived experience of serious mental health problems, people who are members of NHS Patient Public Involvement groups, and people who have been members of our projects. Our Expert Advisory Board is made up of 13 people who are or have been members of our projects. We encourage participants to use their skills as contractors or volunteers for the Restoration Trust, and we reward people appropriately for their time.
POLICY
The ongoing programme of policy development led by Trustees created a reformatted and updated Risk Register and Diversity policy with implementation plan.
FINANCE
Principal sources of funds
Our income is largely restricted funding, raised for projects. We also receive income from consultancy on projects led by other partners. Our unrestricted funds incorporate an overhead charge for delivering projects, which the Trustees have agreed should aim to be at least 12% of project costs.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognized at the time of the donation.
The Trustees agree that we will raise funds by the following means:
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grants from charitable trusts, research funders and lottery distributors;
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donations;
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fundraising activities and events;
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contributions in kind from partner and supporting organizations;
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facilitation fees;
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the sale of licenses for use of our good practice model; training in use of our good practice model; research and dissemination events relating to our purposes; sale of tickets for entry to exhibitions relating to our projects; sale of artworks and books produced by our projects;
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any other income generating activity approved by our Trustees.
Reserves policy
The Board considered the level of reserves that is prudent for the Restoration Trust to have at its first meeting and now does so annually. Our Reserves and Risk Management is based on what we need to cover current liabilities, which are small, given that we do not employ staff except on contracts covered by restricted funds. We anticipate that the bulk of the Restoration Trust’s funds will be restricted; that its assets will be functional. It will accrue sufficient reserves to cover emergency expenditure and liabilities for at least 1 but not more than 3 months. It will not accrue excess reserves. We hold a £500 wind-up fund.
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RISK
Principal risks facing the charity
We believe that the Restoration Trust's purposes do not pose a risk of detriment or harm. However, we have identified risks of detriment or harm that could result from the way we carry out our purposes. We consider that the benefits of our purposes and related activities outweigh the risks of detriment or harm to our beneficiaries or the public at large.
Detriment or harm to participants could be caused by:
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failure of staff (in this and all the following instances staff include consultants and researchers) and volunteers to observe and alert others to a deterioration in someone's health and wellbeing;
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failure of staff and volunteers to protect a participant from detriment or harm by other participants;
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failure to identify and report abuse to or by a participant;
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failure to prevent abuse by staff or volunteers working on a project;
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failure to conform to good health and safety practice;
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failure to conform to appropriate confidentiality requirements;
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failure to conform to ethical research practice;
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failure to conform to excellent standards of staff, project and financial management;
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failure to operate in a Covid-Secure manner.
Detriment or harm to staff and volunteers could be caused by:
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harmful actions by participants in a Restoration Trust project;
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failure of others involved in the project to protect staff or volunteers;
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failure to observe and alert others to an escalation in abuse by participants;
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failure to identify and record abuse to staff and volunteers;
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failure to conform to good health and safety practice;
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failure to conform to appropriate confidentiality requirements;
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failure to conform to ethical research practice;
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failure to conform to excellent staff, project and financial management;
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failure to operate in a Covid-Secure manner.
Financial, operational and reputational risks are:
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financial damage to Trustees, partners and funders by failure to implement an effective financial management policy and practices;
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reputational damage to staff, volunteers, Trustees, partners and funders by any significant incident of harm connected to a Restoration Trust project;
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financial, operational and reputational damage to the organisation by failure to manage conflict of interest effectively.
We minimise the detriment or harm from the above by:
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ensuring that good practice in working with vulnerable people is integral to project plans and operations;
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appropriate training for staff and volunteers involved with our projects;
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routine operational monitoring of our performance in respect of detriment or harm;
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careful record keeping;
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excellent staff, project and financial management;
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training for Trustees in risk management in the context of our purposes and beneficiaries;
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Regular review of risks and risk management by Trustees.
Policies and practice
We have the following policies in place to manage the risk of detriment or harm: Safeguarding vulnerable adults policy; safeguarding young people policy; volunteer policy; data protection; privacy; disclosure of information policy; health and safety policy; equality, inclusion and diversity policy; financial management and controls policy; reserves and risk management policy; conflict of interest policy. We maintain and annually review a corporate risk register and each project has its own risk register. All registers include assessment of Covid-19 risks.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Restoration Trust was established by a charitable trust deed on 7 April 2015 as a Charitable Incorporated Organisation (CIO).
Trustee selection
Trustees are selected based on the skills, knowledge and experience that can contribute to the achievement of our purposes. They are appointed by the existing Trustees. As the organisation works with vulnerable adults, we carry out all trustee eligibility tests that are required by law. Our constitution has the following provisions:
Functions and duties of charity Trustees
The charity Trustees shall manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. It is the duty of each charity trustee:
to exercise his or her powers and to perform his or her functions in his or her capacity as a trustee of the CIO in the way he or she decides in good faith would be most likely to further the purposes of the CIO.
to exercise, in the performance of those functions, such care and skill as is reasonable in the circumstances having regard to any special knowledge or experience that he or she has or holds himself or herself out as having. If he or she acts as a charity trustee of the CIO during a business or profession, to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession.
Eligibility for Trusteeship
Every trustee must be a natural person.
No individual may be appointed as a trustee if he or she is under the age of 16 years; or if he or she would automatically cease to hold office under the provisions of clause 12(1)(e).
No one is entitled to act as a trustee whether on appointment or on any re- appointment until he or she has expressly acknowledged his or her acceptance of the office of trustee.
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Number of charity Trustees
There must be at least five Trustees. If the number falls below this minimum, the remaining Trustee or Trustees may act only to call a meeting of the charity Trustees or appoint a new charity trustee. There is no maximum number of charity trustees that can be appointed to the CIO.
Trustee induction
The Board inducts Trustees according to the following policies and procedures:
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Terms of reference
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Principles for the operation of the Board
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Code of conduct for Trustees
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Chair of Trustees job description
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Trustee job description
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Trustee person specification
Board organisational structure
The Restoration Trust is a small charity with a simple organisational structure. The Board had three formal Board meetings in 2022/23. The Trustees are led by the Chair Alison Richmond. Frances Halahan is Secretary to the Board.
Changes in the Board of Trustees
John Tipler resigned and John Durrant was appointed in February 2023. We interviewed new trustees in February 2023 and appointed four people who took up their positions later in the year.
Trustees are responsible for:
Ensuring that The Restoration Trust has a clear mission, vision and strategic direction and is focused on achieving these.
Being responsible for the performance of the Restoration Trust and for its ‘corporate’ behavior. Ensuring that the Restoration Trust complies with all legal and regulatory requirements. Acting as guardians of the Restoration Trust’s assets, both tangible and intangible. Representing the Restoration Trust as ambassadors in the wider community.
Ensuring that the Restoration Trust’s governance is of the highest possible standard.
The Director is contracted to:
Work with the Board to develop and review The Restoration Trust’s vision and strategic plans. Deliver the Restoration Trust’s charitable objectives through appropriate plans and in accordance with agreed policies and procedures.
Ensure that The Restoration Trust is well administered and meets its governance and risk management responsibilities.
Enhance the Restoration Trust’s impact and profile.
Relationship with related parties
We cooperate with other charities and organisations in pursuit of our objectives, as ours is a partnership model. These relationships are managed by partnership agreements agreed and signed by all parties, approved by the Trustees and accepted by funders. Conflicts of interest in
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the relationship between Trustees and the activities of the Restoration Trust are managed by the other Trustees by using our constitution, notably items 5 (Application of income and property); 6 (Benefits and payments to charity Trustees and connected persons; 7 (Conflicts of interest and conflicts of loyalty). Our Conflicts of Interest Policy applies.
These relationships are as follows:
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Johnny Tipler was a trustee during the year and is the husband of the Director of the Restoration Trust Laura Tipler, known professionally as Laura Drysdale.
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Dr Sara Lunt is the retired Senior Curator, West Territory, English Heritage, and the Restoration Trust has been running Human Henge with English Heritage in properties for which she was responsible. Dr Lunt provides pro bono advice as a member of the Scaling Up Human Henge Project Board, with travel/subsistence expenses covered by Bournemouth University.
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Melanie Rogers is also a member of the Scaling Up Human Henge Project Board, with travel /subsistence expenses covered by Bournemouth University
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Alison Richmond is the former Chief Executive Officer of Icon, the Institute of Conservation, and Icon is a partner in our Conservation for Wellbeing programme.
Trustees who served during the year
- Nic Allen; John Durrant; Frances Halahan, Secretary; Dr Sara Lunt; Alison Richmond, Chair; Melanie Rogers; Johnny Tipler; Debbie Tilson; Danny Whatmough
There are no corporate Trustees, and no Trustee holds title to property belonging to the charity. We do not hold funds as custodian Trustees on behalf of others. Trustees are appointed for a three-year term, with a maximum of two term renewals.
Reference and administrative details
Name: The Restoration Trust Registered Charity Number: 1161196 Principal address: 3 Vicarage Road, Cromer, NR27 9DQ
Advisers
Our accountants and independent examiners are Timothy Hignett and Partners, 7 High Street, Cromer, Norfolk NR27 9HG.
Staff
Laura Tipler, known professionally as Laura Drysdale, is our Director.
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Charity Registration No. 1161196
The Restoration Trust
Annual report and financial statements
Year ended 31[st] March 2023
The Restoration Trust
Annual report and financial statements
Year ended 31[st] March 2023
| Contents | Page |
|---|---|
| Independent examiner’s report | 1 |
| Statement of financial activities | 2 |
| Balance sheet | 3 |
| Notes to the financial statements | 4 - 10 |
The Restoration Trust
Independent examiner’s report
Year ended 31[st] March 2023
To the trustees of The Restoration Trust
I report to the trustees on my examination of the financial statements of The Restoration Trust (the charity) for the year ended 31[st] March 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1[st] April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1[st] January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Timothy Hignett and Partners Limited
7 High Street Cromer Norfolk NR27 9HG
Dated: 20[th] December 2023.
1
The Restoration Trust
Statement of financial activities Including income and expenditure account
Year ended 31[st] March 2023
| Notes Income from: Charitable activities 2 Expenditure on: Charitable activities 4 Net income Transfers between funds Net movement in funds Fund balances at 1 April 2022 Fund balances at 31 March 2023 |
Unrestricted funds 2023 £ 25,344 16,687 8,657 8,657 444 9,101 |
Restricted funds 2023 £ 177,548 160,939 16,609 16,609 32,663 49,272 |
Designated fund 2023 £ - - - - - 500 500 |
Unrestricted: Stay in touch/ Baring fund 2023 £ 4,000 3,954 46 46 2,775 2,821 |
Total 2023 £ 206,892 181,580 25,312 - 25,312 36,382 61,694 |
Total 2022 £ 133,535 |
|---|---|---|---|---|---|---|
| 155,420 | ||||||
| (21,885) - |
||||||
| (21,885) 58,267 |
||||||
| 36,382 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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The Restoration Trust
Balance sheet
As at 31[st] March 2023
| Notes Current assets Debtors 10 Cash at bank and in hand Current assets Creditors: amounts falling due within one year 11 Net current (liabilities)/assets Total assets less current liabilities Income funds 13 Restricted funds Unrestricted funds Designated fund Unrestricted: Stay in touch/Baring fund |
2023 £ 12,283 56,959 69,242 (7,548) 61,694 61,694 49,272 9,101 500 2,821 61,694 |
2022 £ 459 39,386 |
|---|---|---|
| 39,845 (3,463) |
||
| 36,382 | ||
| 36,382 | ||
| 32,663 444 500 2,775 |
||
| 36,382 |
The financial statements were approved by the trustees on 20[th] December 2023.
Mrs Alison Richmond Chair of The Restoration Trust board
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The Restoration Trust
Notes to the financial statements
Year ended 31[st] March 2023
1. Accounting policies
Accounting convention
The financial statements have been prepared in accordance with The Restoration Trust's constitution, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1[st] January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Income
All incoming resources are recognised once the charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
Where there are terms or conditions attached to incoming resources, particularly grants, then these terms of conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met, or uncertainty exists as to whether they can be met, then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income.
Expenditure
Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs, where not wholly attributable, are apportioned between the categories of charitable expenditure in addition to the direct costs.
Debtors
Debtors are amounts owed to the charity. They are measured on the basis of their recoverable amount.
Cash and cash equivalents
Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due.
Creditors
Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt. Amounts which are owed in more than a year are shown as long-term creditors.
Going concern
The trustees consider that there are no material uncertainties about the ability of the charity to continue as a going concern.
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The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
2. Charitable activities
| . Charitable activities | |||||
|---|---|---|---|---|---|
| Unrestricted Restricted funds funds 2023 2023 £ £ Income 25,344 177,548 . Grants and donations Donations and gifts Unrestricted funds: Donations received Unrestricted income Restricted funds: Conservation for Wellbeing - Income Dr Hills Casebook - Income Dr Hills Casebook - Donations Like Minds (Norfolk) - Donations Emergency Fund - Income CRF 20 - Income BCA Experience - Income Caistor Pilot - Income CRF 2/CRF 3 - Income Heritage LW - Income Kickstart Grant - Income Sound Minds - Income Enterprise Development - Income Scaling Change Minds - Income Archaeology for Wellbeing – Income Unrestricted: Stay in Touch/Baring fund: Unrestricted income |
Designated fund 2023 £ - |
Unrestricted: Stay in touch/ Baring fund Total 2023 2023 £ £ 4,000 206,892 2023 £ 781 24,563 25,344 - - - 1,293 - 5,310 - - - 25,203 15,382 - 19,500 96,997 13,863 177,548 4,000 4,000 |
Total 2023 £ 206,892 |
Total 2022 £ 133,535 |
|
| 2022 £ 14 563 |
|||||
| 577 | |||||
| - 4,570 558 312 (623) 2,087 - 4,028 52,390 27,921 24,315 3,000 6,900 3,000 - |
|||||
| 128,458 | |||||
| 4,500 | |||||
| 4,500 |
3. Grants and donations
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The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
4. Charitable activities
| Unrestricted funds 2023 £ Analysis by expense Staff 14,593 Governance 428 Travel and subsistence 2,628 Project expenses 400 Promotion and marketing 286 IT and telecoms 3,921 Stationery, postage and sundry expenses 4,796 Evaluation - Running costs 5,727 Recharge of overheads (16,092) 16,687 Analysis by fund Unrestricted funds Restricted funds Designated funds Unrestricted: Stay in touch/Baring fund: |
Restricted funds 2023 £ 74,419 - 9,674 992 29,055 9,123 207 6,250 15,350 15,869 160,939 |
Designated fund 2023 £ - - - - - - - - - - - |
Unrestricted Stay in touch/ Baring fund 2023 £ 2,900 - 290 - 100 - 196 - 245 223 3,954 Total 2023 £ 16,687 160,939 - 3,954 181,580 |
Total 2022 £ 9,905 142,743 - 2,772 |
|
|---|---|---|---|---|---|
| 155,420 | |||||
| Total 2023 £ 91,912 428 12,592 1,392 29,441 13,044 5,199 6,250 21,322 - |
|||||
| 181,580 |
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The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
4. Charitable activities (continued)
| Analysis by expense Staff Governance Travel and subsistence Project expenses Promotion and marketing IT and telecoms Stationery, postage and sundry expenses Evaluation Running costs Recharge of overheads |
Unrestricted funds 2022 £ 3,985 2,883 1,071 7 725 3,172 3,204 130 1,798 (7,070) 9,905 |
Restricted funds 2022 £ 97,364 134 4,012 5,203 9,114 2,870 4,930 6,856 5,190 7,070 142,743 |
Designated fund 2022 £ - - - - - - - - - - - |
Unrestricted Stay in touch/ Baring fund 2022 £ 2,100 - - - 42 160 470 - - - 2,772 |
Total 2022 £ 103,449 3,017 5,083 5,210 9,881 6,202 8,604 6,986 6,988 - |
|---|---|---|---|---|---|
| 155,420 |
5. Employees
There were 4 employees during the year (2022: 7). The employee wages are reimbursed to The Restoration Trust from the DWP under the Government Kickstart Scheme.
None of the employees of The Restoration Trust received any benefits in excess of £60,000 (2022: None).
6. Key management personnel
The only member of key management personnel in 2023 is the trust director. The trust director received £18,900, (2022: £32,264) from The Restoration Trust.
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The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
7. Trustee remuneration, benefits and expenses
The trustees give their time freely and receive no remuneration for the work that they undertake in relation to the charity. However, they can claim expenses to reimburse them for costs that they incur in fulfilling their duties relating to The Restoration Trust. These can include travelling specifically for charitable funds, committee meetings and charity specific training events.
Expenses were incurred by the committee members, as detailed below, and these were wholly in fulfilment of charity business.
| Charitable funds committee members' expenses Travel and subsistence |
2023 £ 5,700 5,700 |
2022 £ 3,260 |
|---|---|---|
| 3,260 |
8. Related party transactions
None of the members of The Restoration Trust board or parties related to them have received any benefit from the charity in payment of kind. Board members received no honoraria or emoluments in the year and expenses paid to them are disclosed in note 7.
9. Independent examiner’s remuneration
The independent examiner’s remuneration of £3,265 (2022: £1,260) related solely to the examination, with no other additional work being undertaken.
10. Debtors
| Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income |
2023 £ 12,167 - 116 12,283 |
2022 £ 284 51 124 |
|---|---|---|
| 459 |
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The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
11. Creditors: amounts falling due within one year
| Trade creditors Other creditors Accruals and deferred income 12. Restricted costs Burgh Castle Almanac Culture Quest (Suffolk) Like Minds (Norfolk) Conservation for Wellbeing Dr Hills Casebook BCA Film Project Emergency Fund CRF 20 BCA Experience Caistor Pilot CRF 2/CRF 3 Heritage LW Kickstart Grant Sound Minds Enterprise Development Scaling Change Minds Archaeology For Wellbeing |
2023 £ 3,559 414 3,575 7,548 2023 £ - - 441 1,849 - - - 7,370 2,810 1,439 - 29,749 19,052 - 16,119 72,749 9,361 160,939 |
2022 £ 2,089 124 1,250 |
|
|---|---|---|---|
| 3,463 | |||
| 2022 £ 758 - 7,465 1,383 23,804 66 214 7,476 5,997 2,589 51,827 3,966 20,645 3,000 6,900 6,653 - |
|||
| 142,743 |
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The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
13. Analysis of net assets between funds
| Unrestricted funds Restricted funds Designated funds Unrestricted: Stay in touch/Baring fund: |
Net current assets £ 9,101 49,272 500 2,821 61,694 |
Total 2023 £ 9,101 49,272 500 2,821 61,694 |
Total 2022 £ 444 32,663 500 2,775 |
|---|---|---|---|
| 36,382 |
14. Analysis of restricted fund movements
| General funds | Balance at 1st April 2022 £ 32,663 32,663 |
Income £ 177,548 177,548 |
Expenditure £ 160,939 160,939 |
Transfers £ - - |
Balance at 31st March 2023 £ 49,272 |
|---|---|---|---|---|---|
| 49,272 |
10
The Restoration Trust Balance sheet As at 31•t March 2023 2022 Cumint U•4ts Dobto Ca8h at bank aNI In hand 10 12,283 Curr•nt aM•t• 39845 Cr•dts•: •mouThts falllnq TlthlTh 11 .548) {3A63) 81.094 Tow ••••t• IM• curr•nt Il•blllll•• 61.894 36382 Ineom• lund• Ro8trt&l fund8 Unrèstr1 fvnd8 D•snatod fvnd 13 49.2ll 9,101 32.883 2.821 2,775 11,ts4 All•on Rlchmond o 2023
Charity Registration No. 1161196
The Restoration Trust
Annual report and financial statements
Year ended 31[st] March 2023
The Restoration Trust
Annual report and financial statements
Year ended 31[st] March 2023
| Contents | Page |
|---|---|
| Independent examiner’s report | 1 |
| Statement of financial activities | 2 |
| Balance sheet | 3 |
| Notes to the financial statements | 4 - 10 |
The Restoration Trust
Independent examiner’s report
Year ended 31[st] March 2023
To the trustees of The Restoration Trust
I report to the trustees on my examination of the financial statements of The Restoration Trust (the charity) for the year ended 31[st] March 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1[st] April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1[st] January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Timothy Hignett and Partners Limited
7 High Street Cromer Norfolk NR27 9HG
Dated: 20[th] December 2023.
1
The Restoration Trust
Statement of financial activities Including income and expenditure account
Year ended 31[st] March 2023
| Notes Income from: Charitable activities 2 Expenditure on: Charitable activities 4 Net income Transfers between funds Net movement in funds Fund balances at 1 April 2022 Fund balances at 31 March 2023 |
Unrestricted funds 2023 £ 25,344 16,687 8,657 8,657 444 9,101 |
Restricted funds 2023 £ 177,548 160,939 16,609 16,609 32,663 49,272 |
Designated fund 2023 £ - - - - - 500 500 |
Unrestricted: Stay in touch/ Baring fund 2023 £ 4,000 3,954 46 46 2,775 2,821 |
Total 2023 £ 206,892 181,580 25,312 - 25,312 36,382 61,694 |
Total 2022 £ 133,535 |
|---|---|---|---|---|---|---|
| 155,420 | ||||||
| (21,885) - |
||||||
| (21,885) 58,267 |
||||||
| 36,382 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
2
The Restoration Trust
Balance sheet
As at 31[st] March 2023
| Notes Current assets Debtors 10 Cash at bank and in hand Current assets Creditors: amounts falling due within one year 11 Net current (liabilities)/assets Total assets less current liabilities Income funds 13 Restricted funds Unrestricted funds Designated fund Unrestricted: Stay in touch/Baring fund |
2023 £ 12,283 56,959 69,242 (7,548) 61,694 61,694 49,272 9,101 500 2,821 61,694 |
2022 £ 459 39,386 |
|---|---|---|
| 39,845 (3,463) |
||
| 36,382 | ||
| 36,382 | ||
| 32,663 444 500 2,775 |
||
| 36,382 |
The financial statements were approved by the trustees on 20[th] December 2023.
Mrs Alison Richmond Chair of The Restoration Trust board
3
The Restoration Trust
Notes to the financial statements
Year ended 31[st] March 2023
1. Accounting policies
Accounting convention
The financial statements have been prepared in accordance with The Restoration Trust's constitution, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1[st] January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Income
All incoming resources are recognised once the charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
Where there are terms or conditions attached to incoming resources, particularly grants, then these terms of conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met, or uncertainty exists as to whether they can be met, then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income.
Expenditure
Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs, where not wholly attributable, are apportioned between the categories of charitable expenditure in addition to the direct costs.
Debtors
Debtors are amounts owed to the charity. They are measured on the basis of their recoverable amount.
Cash and cash equivalents
Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due.
Creditors
Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt. Amounts which are owed in more than a year are shown as long-term creditors.
Going concern
The trustees consider that there are no material uncertainties about the ability of the charity to continue as a going concern.
4
The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
2. Charitable activities
| . Charitable activities | |||||
|---|---|---|---|---|---|
| Unrestricted Restricted funds funds 2023 2023 £ £ Income 25,344 177,548 . Grants and donations Donations and gifts Unrestricted funds: Donations received Unrestricted income Restricted funds: Conservation for Wellbeing - Income Dr Hills Casebook - Income Dr Hills Casebook - Donations Like Minds (Norfolk) - Donations Emergency Fund - Income CRF 20 - Income BCA Experience - Income Caistor Pilot - Income CRF 2/CRF 3 - Income Heritage LW - Income Kickstart Grant - Income Sound Minds - Income Enterprise Development - Income Scaling Change Minds - Income Archaeology for Wellbeing – Income Unrestricted: Stay in Touch/Baring fund: Unrestricted income |
Designated fund 2023 £ - |
Unrestricted: Stay in touch/ Baring fund Total 2023 2023 £ £ 4,000 206,892 2023 £ 781 24,563 25,344 - - - 1,293 - 5,310 - - - 25,203 15,382 - 19,500 96,997 13,863 177,548 4,000 4,000 |
Total 2023 £ 206,892 |
Total 2022 £ 133,535 |
|
| 2022 £ 14 563 |
|||||
| 577 | |||||
| - 4,570 558 312 (623) 2,087 - 4,028 52,390 27,921 24,315 3,000 6,900 3,000 - |
|||||
| 128,458 | |||||
| 4,500 | |||||
| 4,500 |
3. Grants and donations
5
The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
4. Charitable activities
| Unrestricted funds 2023 £ Analysis by expense Staff 14,593 Governance 428 Travel and subsistence 2,628 Project expenses 400 Promotion and marketing 286 IT and telecoms 3,921 Stationery, postage and sundry expenses 4,796 Evaluation - Running costs 5,727 Recharge of overheads (16,092) 16,687 Analysis by fund Unrestricted funds Restricted funds Designated funds Unrestricted: Stay in touch/Baring fund: |
Restricted funds 2023 £ 74,419 - 9,674 992 29,055 9,123 207 6,250 15,350 15,869 160,939 |
Designated fund 2023 £ - - - - - - - - - - - |
Unrestricted Stay in touch/ Baring fund 2023 £ 2,900 - 290 - 100 - 196 - 245 223 3,954 Total 2023 £ 16,687 160,939 - 3,954 181,580 |
Total 2022 £ 9,905 142,743 - 2,772 |
|
|---|---|---|---|---|---|
| 155,420 | |||||
| Total 2023 £ 91,912 428 12,592 1,392 29,441 13,044 5,199 6,250 21,322 - |
|||||
| 181,580 |
6
The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
4. Charitable activities (continued)
| Analysis by expense Staff Governance Travel and subsistence Project expenses Promotion and marketing IT and telecoms Stationery, postage and sundry expenses Evaluation Running costs Recharge of overheads |
Unrestricted funds 2022 £ 3,985 2,883 1,071 7 725 3,172 3,204 130 1,798 (7,070) 9,905 |
Restricted funds 2022 £ 97,364 134 4,012 5,203 9,114 2,870 4,930 6,856 5,190 7,070 142,743 |
Designated fund 2022 £ - - - - - - - - - - - |
Unrestricted Stay in touch/ Baring fund 2022 £ 2,100 - - - 42 160 470 - - - 2,772 |
Total 2022 £ 103,449 3,017 5,083 5,210 9,881 6,202 8,604 6,986 6,988 - |
|---|---|---|---|---|---|
| 155,420 |
5. Employees
There were 4 employees during the year (2022: 7). The employee wages are reimbursed to The Restoration Trust from the DWP under the Government Kickstart Scheme.
None of the employees of The Restoration Trust received any benefits in excess of £60,000 (2022: None).
6. Key management personnel
The only member of key management personnel in 2023 is the trust director. The trust director received £18,900, (2022: £32,264) from The Restoration Trust.
7
The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
7. Trustee remuneration, benefits and expenses
The trustees give their time freely and receive no remuneration for the work that they undertake in relation to the charity. However, they can claim expenses to reimburse them for costs that they incur in fulfilling their duties relating to The Restoration Trust. These can include travelling specifically for charitable funds, committee meetings and charity specific training events.
Expenses were incurred by the committee members, as detailed below, and these were wholly in fulfilment of charity business.
| Charitable funds committee members' expenses Travel and subsistence |
2023 £ 5,700 5,700 |
2022 £ 3,260 |
|---|---|---|
| 3,260 |
8. Related party transactions
None of the members of The Restoration Trust board or parties related to them have received any benefit from the charity in payment of kind. Board members received no honoraria or emoluments in the year and expenses paid to them are disclosed in note 7.
9. Independent examiner’s remuneration
The independent examiner’s remuneration of £3,265 (2022: £1,260) related solely to the examination, with no other additional work being undertaken.
10. Debtors
| Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income |
2023 £ 12,167 - 116 12,283 |
2022 £ 284 51 124 |
|---|---|---|
| 459 |
8
The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
11. Creditors: amounts falling due within one year
| Trade creditors Other creditors Accruals and deferred income 12. Restricted costs Burgh Castle Almanac Culture Quest (Suffolk) Like Minds (Norfolk) Conservation for Wellbeing Dr Hills Casebook BCA Film Project Emergency Fund CRF 20 BCA Experience Caistor Pilot CRF 2/CRF 3 Heritage LW Kickstart Grant Sound Minds Enterprise Development Scaling Change Minds Archaeology For Wellbeing |
2023 £ 3,559 414 3,575 7,548 2023 £ - - 441 1,849 - - - 7,370 2,810 1,439 - 29,749 19,052 - 16,119 72,749 9,361 160,939 |
2022 £ 2,089 124 1,250 |
|
|---|---|---|---|
| 3,463 | |||
| 2022 £ 758 - 7,465 1,383 23,804 66 214 7,476 5,997 2,589 51,827 3,966 20,645 3,000 6,900 6,653 - |
|||
| 142,743 |
9
The Restoration Trust
Notes to the financial statements (continued)
Year ended 31[st] March 2023
13. Analysis of net assets between funds
| Unrestricted funds Restricted funds Designated funds Unrestricted: Stay in touch/Baring fund: |
Net current assets £ 9,101 49,272 500 2,821 61,694 |
Total 2023 £ 9,101 49,272 500 2,821 61,694 |
Total 2022 £ 444 32,663 500 2,775 |
|---|---|---|---|
| 36,382 |
14. Analysis of restricted fund movements
| General funds | Balance at 1st April 2022 £ 32,663 32,663 |
Income £ 177,548 177,548 |
Expenditure £ 160,939 160,939 |
Transfers £ - - |
Balance at 31st March 2023 £ 49,272 |
|---|---|---|---|---|---|
| 49,272 |
10
The Restoration Trust Balance sheet As at 31•t March 2023 2022 Cumint U•4ts Dobto Ca8h at bank aNI In hand 10 12,283 Curr•nt aM•t• 39845 Cr•dts•: •mouThts falllnq TlthlTh 11 .548) {3A63) 81.094 Tow ••••t• IM• curr•nt Il•blllll•• 61.894 36382 Ineom• lund• Ro8trt&l fund8 Unrèstr1 fvnd8 D•snatod fvnd 13 49.2ll 9,101 32.883 2.821 2,775 11,ts4 All•on Rlchmond o 2023